™Your Policy Risk Impact Agent
102 chapters · 2,150 sections in this title.
RCW 48.23A.005 Purpose—Standards for life insurance policy illustrations.
0.8K chars
The purpose of this chapter is to provide standards for life insurance policy illustrations that will protect consumers and foster consumer education by providing illustration formats, prescribing standards to be followed when illustrations are used, and specifying the disclosure…
RCW 48.23A.010 Scope of chapter—Exceptions.
0.3K chars
This chapter applies to all group and individual life insurance policies and certificates except: (1) Variable life insurance; (2) Individual and group annuity contracts; (3) Credit life insurance; or (4) Life insurance policies with no illustrated death benefits on any individua…
RCW 48.23A.015 Definitions.
5.7K chars
The definitions in this section apply throughout this chapter unless the context requires otherwise. (1) "Actuarial standards board" means the board established by the American academy of actuaries to develop and adopt standards of actuarial practice. (2) "Contract premium" means…
RCW 48.23A.020 Marketing with or without an illustration—Notice to commissioner—Conditions—Availability.
2.2K chars
(1) Each insurer marketing policies to which this chapter is applicable shall notify the commissioner whether a policy form is to be marketed with or without an illustration. For all policy forms being actively marketed on January 1, 1998, the insurer shall identify in writing th…
